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The NHL board of governors on Wednesday, June 18 approved the sale of the Edmonton Oilers. All 34 members of the Edmonton Investors Group agreed in February to sell the club for $200 million to Rexall pharmacy magnate Daryl Katz. The new owner has promised to keep the team in Edmonton and pursue getting a new arena to replace Rexall Place.[1]

On Thursday, July 31, the Edmonton Oilers promoted Kevin Lowe to become President of Hockey Operations. They also announced that they have hired Steve Tambellini as their new General Manager, and had also moved Kevin Prendergast, who was the Vice-President of Hockey Operations, and named him the new Assistant General Manager.

On Friday August 8, the Edmonton Oilers announced that Rick Olczyk has been promoted to the position of Assistant General Manager & Director of Hockey Operations/Legal Affairs.